Desjardins Boosts Cargojet (TSE:CJT) Price Target to C$126.00

Cargojet (TSE:CJT) had its price target hoisted by investment analysts at Desjardins from C$117.00 to C$126.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Desjardins’ price target points to a potential upside of 27.38% from the company’s current price.

CJT has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce boosted their target price on Cargojet from C$106.00 to C$116.00 in a research note on Thursday. Raymond James Financial raised their price target on shares of Cargojet from C$95.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. TD Securities dropped their target price on shares of Cargojet from C$160.00 to C$120.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Stifel Nicolaus boosted their price target on Cargojet from C$100.00 to C$120.00 and gave the company a “buy” rating in a report on Thursday. Finally, Scotiabank upped their target price on Cargojet from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Thursday. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$125.45.

Cargojet Price Performance

TSE:CJT traded up C$6.54 during mid-day trading on Thursday, reaching C$98.92. The stock had a trading volume of 213,616 shares, compared to its average volume of 121,744. Cargojet has a one year low of C$65.60 and a one year high of C$113.89. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The firm has a 50 day moving average price of C$91.01 and a two-hundred day moving average price of C$88.91. The stock has a market capitalization of C$1.49 billion, a P/E ratio of 12.57 and a beta of 0.82.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Tuesday, February 24th. The company reported C$1.47 earnings per share (EPS) for the quarter. The company had revenue of C$284.70 million during the quarter. Cargojet had a net margin of 0.25% and a return on equity of 0.31%. As a group, analysts expect that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Company Profile

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.